Funding arb · Price arb /

ZAMA

all ZAMA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.031%7-day average −0.199% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.031%+$3 on $10k

Price spread, last 3 days (all we have)−0.176%−$18 · spread now +0.031%, 7d avg −0.199%

Together, before fees−0.144%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.231% dearer against Variational Omni than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.199%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ZAMA	0.09540	0.0100	pay 0.0050% / 4h	3h 41m	$994K	$457K	—
Short	Bybit ZAMAUSDT	0.09543	0.0100	get 0.0050% / 4h	3h 41m	$7.9M	$26.2M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Variational OmnibpFee BybitbpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → −0.199%: $23.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $12.07
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 8 min ago; Bybit: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Variational Omni RFQ quote, 8 min ago	4.23 bp	doesn't fit	191.5 bp −$1,915	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	1.05 bp	40.0 bp −$40	127.8 bp −$1,278	doesn't fit	doesn't fit

ZAMA on 13 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ZAMA_USDT	−0.0708%	4h	0.09537	−0.032%	$939K	$7.2M	50x	as long as short
Aster ZAMAUSDT	+0.0064%	4h	0.09544	+0.037%	$230K	$1.9M	20x	as long as short
BloFin ZAMA-USDT	+0.0077%	4h	0.09537	−0.032%	$829K	$589K	50x	as long as short
Binance ZAMAUSDT	+0.0100%	4h	0.09538	−0.018%	$19.0M	$135.6M	50x	as long as short
Bybit ZAMAUSDTshort	+0.0100%	4h	0.09543	+0.031%	$7.9M	$26.2M	25x
OKX ZAMA-USDT-SWAP	+0.0100%	4h	0.09536	−0.042%	$5.5M	$98.7M	20x	as long as short
MEXC ZAMA_USDT	+0.0100%	4h	0.09536	−0.042%	$3.0M	$4.5M	50x	as long as short
KuCoin ZAMAUSDTM	+0.0100%	4h	0.09542	+0.021%	$867K	$1.5M	50x	as long as short
Bitget ZAMAUSDT	+0.0100%	4h	0.09540	0.000%	$5.0M	$14.6M	20x	as long as short
BingX ZAMA-USDT	+0.0100%	4h	0.09539	−0.011%	—	$2.4M	—	as long as short

Show all 13 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni ZAMAlong	+0.0100%	4h	0.09540	long leg	$994K	$457K	—
SunX ZAMA-USDT	+0.0100%	4h	0.09543	+0.031%	—	$711K	20x	as long as short
edgeX ZAMAUSDC	+0.0101%	4h	0.09535	−0.053%	$5K	$443K	10x	as long as short